Directorate changes

In terms of Section 3.59 of the Listings Requirements of the JSE Limited, Sibanye-Stillwater announces the resignation and retirement of Barry Davison as an Independent Non-Executive Director of the Company at the upcoming Annual General Meeting scheduled for 28 May 2019.

Barry has been an integral part of the Sibanye-Stillwater Board since the Company’s inception in 2013 and has served as Chairman of the Company’s Health and Safety Committee since then. Harry Kenyon-Slaney who has vast experience in health, safety and business transformation programmes will in future Chair the committee.

The Board extends its profound appreciation to Barry for his invaluable contribution to the Group and sage advice over the last six years.

FORWARD LOOKING STATEMENTS

This announcement includes “forward-looking statements” within the meaning of the “safe harbour” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “target”, “will”, “forecast”, “expect”, “potential”, “intend”, “estimate”, “anticipate”, “can” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. The forward-looking statements set out in this announcement involve a number of known and unknown risks, uncertainties and other factors, many of which are difficult to predict and generally beyond the control of Sibanye-Stillwater, that could cause Sibanye-Stillwater’s actual results and outcomes to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. These forward-looking statements speak only as of the date of this announcement. Sibanye-Stillwater undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this announcement or to reflect the occurrence of unanticipated events, save as required by applicable law.

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DEUTZ AG: DEUTZ with record growth in 2018

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– Revenue target comfortably exceeded, sharp increase in profitability
– Strong order book ensures good capacity utilization
– Further growth and further increase in profitability expected in 2019 

"2018 was a very successful year for DEUTZ," says Dr Frank Hiller, Chairman of the Board of Management of DEUTZ AG. "We comfortably exceeded our revenue target and registered a sharp increase in profitability. Our E-DEUTZ strategy is already bearing fruit and is an important step on our path to becoming a leading global manufacturer of innovative drive systems. And our new three-pillar growth strategy for China means that we are now also strengthening our position in the world’s biggest engine market. For 2019, we expect a further increase in revenue and a further improvement in profitability towards our medium-term target of an EBIT margin before exceptional items of 7 to 8 per cent."

Double-digit growth in new orders and revenue

In 2018, the DEUTZ Group received orders worth EUR1,952.6 million, which was an improvement of 25.4 per cent compared with the prior-year figure of EUR1,556.5 million. All off-highway application segments as well as the service business registered increases. Orders on hand totalled EUR438.9 million as at 31 December 2018, a rise of 62.0 per cent compared with the figure of EUR270.9 million at the end of 2017. DEUTZ generated revenue of EUR1,778.8 million in 2018, which was 20.3 per cent higher than the figure of EUR1,479.1 million achieved in 2017. DEUTZ therefore comfortably exceeded the forecast, published in its 2017 annual report and reiterated in July 2018, of a marked rise in revenue to more than EUR1.6 billion.

Substantial increase in operating profit

Operating profit (EBIT before exceptional items) more than doubled in 2018, going up by EUR42.3 million to reach EUR82.0 million (2017: EUR39.7 million). This was mainly because of the higher volume of business and the resulting economies of scale as well as positive effects from the efficiency program. It was achieved in spite of several weeks of strike action at a supplier. Most of the negative effects resulting from this disruption, which occurred in the third quarter of 2018, were compensated for by reconfiguring production plans and initiating catch-up measures. DEUTZ also withdrew from the DEUTZ Dalian joint venture last year. The negative impact on earnings attributable to the joint venture in the first half of 2018 was slightly outweighed, as had been anticipated, by the proceeds generated from the sale of the shares in the fourth quarter of 2018. The EBIT margin before exceptional items improved from 2.7 per cent in 2017 to 4.6 per cent last year. At the start of the year, DEUTZ had expected a moderate increase in the EBIT margin before exceptional items. The improvement of 1.9 percentage points in the EBIT margin more than exceeded this initial forecast as well as the more specific forecast made in July 2018 of an EBIT margin of at least 4.5 per cent.

Prior-year result inflated by positive effects from exceptional items

Net income fell by EUR48.6 million to EUR69.9 million in 2018. This resulted in earnings per share of EUR0.58 (2017: EUR0.98). When adjusted for exceptional items recorded in the prior year, which mainly related to the sale of property and totalled EUR85.5 million after taxes, net income rose by EUR36.9 million. Adjusted earnings per share thus improved from EUR0.27 in the prior year to EUR0.58 last year.

Segment: DEUTZ Compact Engines

– Significant increase in new orders 
– Double-digit revenue growth in the main application segments: Material Handling up by 41.9 per cent, Construction Equipment up by 25.8 per cent, Agricultural Machinery up by 12.9 per cent 
– Substantial improvement in the EBIT margin before exceptional items to 4.3 per cent (up by 270 basis points) due to economies of scale and efficiency gains

DEUTZ Customised Solutions segment

– Very good performance in Q4 2018 due to the high level of orders on hand
– Service revenue advances by 10.1 per cent in 2018
– EBIT margin before exceptional items rises to 12.1 per cent (up by 220 basis points) on the back of an improved product mix and efficiency gains

Consistent dividend 

As in the prior year, the Board of Management and Supervisory Board of DEUTZ AG propose using EUR18.1 million of the accumulated income to pay a dividend of EUR0.15 per share. The dividend per share is therefore at the same level as in 2017. However, it has been funded exclusively from the operational business, whereas last year the intention of the dividend was to allow the shareholders to benefit from the completed property transactions. DEUTZ is aiming to maintain a dividend ratio of around 30 per cent of net income over a number of years.

Positive outlook for 2019

This year, DEUTZ’s engine business will benefit from persistently strong demand from customers. The start of 2019 has been characterised by a high level of orders on hand, which bodes very well for business in the first half of the year in particular.

For 2019 as a whole, DEUTZ expects revenue to increase to more than EUR1.8 billion. The EBIT margin (before exceptional items) is also forecast to improve to at least 5.0 per cent. This increase is likely to result mainly from the anticipated growth in revenue, but also from the various initiatives aimed at continuously increasing efficiency. The ongoing expansion of the service business will also help to improve overall profitability relative to 2018. DEUTZ is therefore expecting to take a further step towards its medium-term target (for 2022) of an EBIT margin before exceptional items of 7 to 8 per cent. The payment of the final instalment of the purchase consideration from the disposal of the Cologne-Deutz site could result in an exceptional item that would increase earnings by around EUR50 million in 2019.

Forward-looking statements

This release may contain forward-looking statements based on current assumptions and forecasts made by DEUTZ management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation or development of the company and the estimates given here. These factors include those discussed in DEUTZ’s public reports which are available at www.deutz.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

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Amended trading statement for the year ended 31 December 2018

Further to the trading statement released on 14 February 2019, a further review of the effects of recent changes in tax legislation in the United States (US) has resulted in an amendment to deferred tax for the year ended 31 December 2018. Accordingly, shareholders are advised that Sibanye-Stillwater (Tickers JSE: SGL and NYSE: SBGL) expects to report an attributable loss of R2,500 million (US$189 million)] for the year ended 31 December 2018, which compares with guidance of R1,000 million (US$77 million) from the trading statement last week. During the six months ended 31 December 2018, the Governor of New Jersey, signed a number of bills implementing various changes to tax legislation, which have an impact on the US PGM operations. The most significant change in the new legislation has resulted in tax being calculated together on all US entities under common control (greater than 50% voting ownership), which resulted in an increase in the estimated deferred tax rate relating to the US PGM operations, and a revised deferred tax charge of R1,499 million (US$113 million). This change has no impact on the 2018 cash flows and is expected to unwind over the life of the Stillwater operations. However, we will further investigate tax planning alternatives to minimize this additional deferred tax.

As a result, the Group will report a basic loss per share of 110 cents (8 US cents) for the year ended 31 December 2018, which is less than the basic loss per share of 229 cents (17 US cents) reported for the previous year and headline loss per share of 1 cent (nil US cents) compared with the headline loss per share of 12 cents (1 US cents), for the comparable period in 2017. This represents a 52% reduction in the basic loss per share and a 92% reduction in respect of HEPS.

The financial information on which this trading statement is based has not been reviewed or reported on by Sibanye-Stillwater’s auditors.

Results presentation

Sibanye-Stillwater will release its results for the six months and year ended 31 December 2018 on Thursday, 21 February 2019 after 08:00 (CAT) and will host a live presentation and webcast at 10:00 (CAT). For the webcast and conference call details, please refer to our website at www.sibanyestillwater.com.

FORWARD LOOKING STATEMENTS

This announcement includes “forward-looking statements” within the meaning of the “safe harbour” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “target”, “will”, “forecast”, “expect”, “potential”, “intend”, “estimate”, “anticipate”, “can” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. The forward-looking statements set out in this announcement involve a number of known and unknown risks, uncertainties and other factors, many of which are difficult to predict and generally beyond the control of Sibanye-Stillwater, that could cause Sibanye-Stillwater’s actual results and outcomes to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. These forward-looking statements speak only as of the date of this announcement. Sibanye-Stillwater undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this announcement or to reflect the occurrence of unanticipated events, save as required by applicable law.

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Preliminary results 2018

In the 2018 fiscal year Wirecard AG recorded significant growth of revenues and operating profit.

According to preliminary figures, consolidated revenues increased by approximately 40 percent from EUR 1.5 billion in the previous year to EUR 2.1 billion in 2018. Preliminary earnings before interest, taxes, depreciation and amortisation (EBITDA) grew about 38 percent to EUR 568.3 million (2017: EUR 412.6 million).

In the fourth quarter, preliminary consolidated revenues increased by approximately 36 percent from EUR 468.6 million in the previous year quarter to reach EUR 637.5 million. EBITDA grew about 37 percent to EUR 172.9 million (Q4/2017: EUR 126.1 million).

Wirecard AG’s Management Board confirms the forecast to reach an EBITDA in a bandwidth of between EUR 740 million to EUR 800 million in the 2019 fiscal year.

All results are preliminary. The consolidated financial statements 2018 will be published on 4 April 2019.

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Transaction volume in 9M/18 increased by 44.2 percent

Wirecard AG had an extremely successful third quarter and first nine months of the current 2018 fiscal year.

Transaction volumes processed through the Wirecard platform grew in the first nine months of 2018 by 44.2 percent to EUR 90.2 billion (9M/2017: EUR 62.5 billion).

In this period, consolidated revenues increased by 41.4 percent to EUR 1.4 billion (9M/2017: EUR 1.0 billion). In the first nine months, earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 38.0 percent to EUR 395.4 million (9M/2017: EUR 286.6 million).

In the third quarter of 2018, consolidated revenues for the Group increased by 34.8 percent to EUR 547.1 million (Q3/2017: EUR 405.9 million). EBITDA increased by 36.3 percent to EUR 150.1 million (Q3/2017: EUR 110.1 million).

Earnings after tax increased in the nine month period 2018 by 48.5 percent to EUR 250.2 million (9M/2017: EUR 168.5 million).

The cash flow from operating activities (adjusted) amounted to EUR 310.1 million. Free cash flow increased by 42.0 percent to EUR 257.3 million (9M/2017: EUR 181.2 million).

Wirecard CEO Dr. Markus Braun commented: "We expect strong business growth in both the fourth quarter of 2018 and also the coming 2019 fiscal year."

In view of the strong business performance, the Management Board has increased its EBITDA forecast for the 2018 fiscal year to between EUR 550 million and EUR 570 million (previously EUR 530 million to EUR 560 million).

The Q3/9M 2018 Interim Report as of 30 September 2018 is available on the company’s website at: ir.wirecard.com/financialreports

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Further strong growth at DEUTZ

  • Significant rise in new orders
  • Double-digit increase in revenue and significantly improved EBIT margin
  • DEUTZ focuses efforts on growth in China
  • Implementation of E-DEUTZ strategy continues to gather momentum

DEUTZ AG has today published its consolidated financial results for the first three quarters of 2018. New orders rose from €1,173.8 million to €1,548.7 million, an increase of 31.9 per cent. In the third quarter of 2018, new orders were up by 22.0 per cent to €452.2 million (Q3 2017: €370.8 million).

The unit sales figure for the nine-month period was 156,504 engines, including 8,977 electric motors sold under the Torqeedo brand. This equates to an increase of 32.3 per cent compared with unit sales in the prior-year period (Q1–Q3 2017: 118,279 engines). Revenue advanced from €1,093.2 million to €1,297.3 million, a rise of 18.7 per cent. In the third quarter, revenue was up by a substantial 17.0 per cent to €419.7 million (Q3 2017: €358.7 million).

Operating profit (EBIT before exceptional items) amounted to €45.9 million in the first three quarters of the year (Q1–Q3 2017 €26.7 million). Adjusted for effects on earnings in connection with the DEUTZ Dalian joint venture, it stood at €60.3 million. Operating profit thus improved at a significantly faster rate than revenue, despite the strike at one of the Company’s suppliers. Consequently, the EBIT margin (before exceptional items) improved to 4.6 per cent after adjusting for the temporary drag on earnings resulting from DEUTZ Dalian and to 3.5 per cent before adjustment for this drag on earnings (Q1–Q3 2017: 2.4 per cent). In the third quarter of 2018, the EBIT margin was 3.0 per cent (Q3 2017: 1.4 per cent).

“The strike at a supplier put a great deal of strain on management and staff at our Company,” says the Chairman of the DEUTZ Board of Management, Dr Ing Frank Hiller. “This makes our substantial revenue growth, to which all regions and segments contributed, and our significant increase in operating profit all the more pleasing. We took further important steps that are aimed at securing growth in the future. We have also succeeded in further expanding our licensing business in China and are making good progress with the implementation of our EDEUTZ strategy.”

In the Chinese market, DEUTZ plans to generally reorganise its presence so that it can generate stronger growth and be even more successful there. As previously announced, DEUTZ signed contracts for the sale of the former DEUTZ Dalian joint venture to its former partner FAW in October 2018. The Company is also currently in talks about entering into new alliances with major local partners in the construction equipment and agricultural machinery industries.

Our E-DEUTZ strategy, introduced in 2017, is continuing to gather momentum. Demonstrating fully working operational systems during the ELECTRIP Event Week was the best way to prove our expertise in this field. An interdisciplinary team of Torqeedo and DEUTZ design engineers succeeded in integrating our drive concept into two prototype machines in just six months. This shows that DEUTZ has mastered the technology and is in a position to supply marketable electrification solutions.

For 2018 as a whole, DEUTZ (assuming no further supply shortage) expects revenue to rise sharply to more than €1.6 billion. The EBIT margin (before exceptional items) is forecast to improve to at least 4.5 per cent.

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Wirecard AG: Preliminary results 9M/ Q3 2018

Within the first nine months and third quarter of fiscal 2018 Wirecard AG continued its positive development of revenue growth and operating profit.

Preliminary Group revenues after nine months 2018 increased at around 42 percent to EUR 1.447 billion (9M/2017: EUR 1.021 billion). In the third quarter 2018 revenues increased by 35 percent to EUR 549.2 million (Q3/2017: EUR 405.9 million).

According to preliminary figures earnings before interest, tax, depreciation and amortisation (EBITDA) improved by 38 percent to EUR 395.5 million (9M/2017:
EUR 286.6 million) in the first nine months of 2018. In the third quarter 2018 EBITDA increased, in comparison with the previous period, by approx. 36 percent to
EUR 150.1 million (Q3/2017: EUR 110.1 million).

The Management Board of Wirecard AG expects a strong business development in the fourth quarter 2018 and confirms its forecast for earnings before interest, tax, depreciation and amortisation (EBITDA) of between EUR 530 million to EUR 560 million.

All results are preliminary. The quarterly statement for the third quarter 2018 will be published on 14 November 2018.

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Vonage-Partnerprogramm Nexmo Connect startet für Enterprise-Kunden

Vonage (NYSE: VG), einer der führenden Anbieter von Cloud-Kommunikationslösungen für Unternehmen, gibt heute den Start seines Nexmo-Partnerprogramms Nexmo Connect bekannt. Nexmo Connect bildet das Fundament eines Community-basierten, kooperativ ausgerichteten Ökosystems aus Nexmo-Partnern.

Gestartet wurde Nexmo Connect, um den Bedürfnissen großer Unternehmen entgegenzukommen, die Komplettlösungen für ihre spezifischen Anforderungen benötigen. Das bereits mehr als 100 Mitglieder zählende Netzwerk soll Nexmo-Partnern helfen, neue Marktchancen ausfindig zu machen. Auch die Ausarbeitung von Strategien für eine starke Marktposition und die Entwicklung einer attraktiveren Customer Experience für die Enterprise-Kunden der Partner soll mit Nexmo Connect unterstützt werden. Eine wachsende Zahl marktführender Unternehmen wie Microsoft, Facebook, MuleSoft, Built.io, Tray.io, Converse.ai und Aspect Software gehören bereits zum Partner-Ökosystem Nexmo Connect.

Der Bedarf an besseren, intuitiveren Applikationen, die eine persönliche, kontextbezogene und nahtlose Kommunikation ermöglichen, steigt bei Unternehmen und Verbrauchern – eine Entwicklung, die die Notwendigkeit von Partnerschaften und Kooperationen zwischen innovativen Lösungsanbietern noch weiter verstärken wird. Laut einer kürzlich veröffentlichten Prognose des Branchenanalysten IDC wird der CPaaS-Markt für Voice- und Text-Messaging signifikant wachsen und in den nächsten drei Jahren Umsätze in Höhe von über 18 Milliarden Dollar verbuchen.* Indem das Nexmo-Team, seine Partner und seine Kunden über Nexmo Connect ihre Kompetenzen bündeln, kann Vonage Enterprise-Kunden jeder beliebigen Größe und Branche voll individualisierte Kommunikationslösungen anbieten.

„Das neue Partnerprogramm ermöglicht den Unternehmen, mithilfe vielfältiger Kommunikationslösungen ihr Innovationstempo zu erhöhen“, so Mark Winther, VP Telecom Consulting bei IDC. „Indem vielen verschiedenen Technologiepartnern moderne API-Kommunikationsfunktionen zur Verfügung gestellt werden, macht Nexmo diese einem noch breiterem Publikum zugänglich und beschleunigt die Entwicklungs- und Implementierungsprozesse.“

„Kein Unternehmen kann allen Kunden alles bieten – deshalb ist ein Partner-Ökosystem so wichtig. Mit Nexmo Connect können wir engere Geschäftsbeziehungen zu unseren geschätzten Partnern aufbauen. Unsere Partner profitieren ihrerseits von dem breiten Wissen der gesamten Community“, so Mark Summerson, Global Partner Program Director für Nexmo, der Vonage API-Plattform. „Die Gemeinschaft aus Nexmo und seinen Partnern schafft einen Riesenmehrwert für unsere Kunden – und die Kunden unserer Partner.“

„Durch das neue Programm“, fährt Mark Summerson fort, „haben die Nexmo-Partner Zugang zu unserer umfangreichen Plattform programmierbarer Kommunikationslösungen. Sie stellt zentrale Kommunikations-APIs für Voice-, SMS-, IP-, Messaging- und Video-Anwendungen bereit, mit denen unsere Partner ihre Kunden bei der Entwicklung einer attraktiven Experience unterstützen können. Die Plattform gestattet es zudem, eine starke, persönliche Bindung zu schaffen, die ohne diese Technologie nicht möglich wäre.“

Nexmo Connect unterscheidet sich in mehreren, entscheidenden Hinsichten von typischen Partnerprogrammen. Besonders hervorzuheben ist aber das Community-basierte Konzept: Im Gegensatz zu anderen Partnerprogrammen mit Eins-zu-Eins-Kommunikation unterstützen sich die Partner und Experten im Rahmen des Nexmo Connect-Netzwerks gegenseitig bei Entwicklung, Verkauf und Marketing. Die Partner werden anhand der Lösungen, die sie auf dem Markt anbieten, in Kategorien eingeteilt: Application Partner, die vorkonfigurierte Applikationen anbieten, Integration Partner mit kundenspezifischen Lösungen und Technology Partner mit ergänzenden APIs und Plattformen.

Hier ein Überblick über die Vorteile von Nexmo Connect:

  • Offene integrierte Community: Nexmo Connect-Partner können sich von Beginn an voll in die Community integrieren. Die Partnerlisten von Nexmo Connect sind für alle Kunden und Partner zugänglich, damit diese die Innovationen und das Know-how des Netzwerks nutzen können.
  • Nexmo Connect Stars: Das Marketingkooperationsprogramm Nexmo Connect Stars beschleunigt das Wachstum des Partner-Ökosystems. Es stärkt die Sichtbarkeit beim Nexmo-Vertrieb, bei Entwicklern, Kunden und Interessenten und fördert gemeinsame Projekte.
  • Partner Showcase: Mit Nexmo Connect Partner Showcase finden Unternehmen ihren idealen Partner: Dank der diversifizierten Partnerschaften von Nexmo können Unternehmen ihr Customer Engagement optimieren und die Loyalität ihrer Kunden steigern.
  • Einfache & effektive Zusammenarbeit: Einfache Tools zur Suche nach dem richtigen Partner erleichtern es, den Draht zwischen Partnern und Kunden herzustellen. Auch die Zusammenarbeit innerhalb der Community ist unkompliziert – dank sozialer Technologien, die mit einigen Kommunikations-Bots von Vonage integriert sind.

„tPoint Solutions bietet Dienstleistungen zur Optimierung und Anbindung von Kundeninteraktionen an. Zu unseren Kunden zählen einige der größten Logistikunternehmen der EMEA-Region. Mithilfe der Nexmo-APIs konnten wir Voice-Bots in unser Angebot integrieren, die die Zufriedenheitswerte unserer Kunden steigern und die Effizienz ihrer Abläufe erhöhen“, berichtet Andy Griffin, Gründer und CEO von tPoint Solutions. „Welchen Nutzen wir davon haben? Ganz einfach: Durch die Zusammenarbeit mit Nexmo und anderen Partnern von Nexmo Connect bringen wir innovative Dienstleistungen schneller auf den Markt und verhelfen unseren Kunden zu besseren Ergebnissen.“
 
* „Worldwide Voice and Text Messaging Communications Platform-as-a-Service Forecast, 2018–2022“, IDC, IDC #US43805418, Mai 2018

Mehr über Nexmo Connect erfahren Sie unter www.nexmo.com.

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